Mises Wire

Why not say nationalization and socialism?

Why not say nationalization and socialism?

Letters in the New York Times are becoming increasing nutty:

What a shame that the words and concepts of nationalization and socialism are anathemas in the American vocabulary. It’s too bad, because they often work quite well.

In reality, large swaths of the American economy are nationalized. For the most part, it works.

Health care for the elderly is in the national domain with Medicare.

Retirement and disability pensions are nationalized with Social Security.

Military and veterans’ hospitals and outpatient care are part of a vast and mostly successful nationalized industry.

I could go on. Why don’t we just face it? Sometimes it’s called for and helps enormously.

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